Four trends shaped the politics of the middle class over the past four decades. These include reforms and job opportunities, a drastic reduction in central subsidies, Demographic Dividend, and socio-economic activism.
So why did the FM seem to be echoing the old refrain of a 1980s' socialist tune? Unfortunately, two of India's greatest reformers have been saddled with heavy political baggage. Updates
The FM may say that the fundamentals of the Indian economy are still good – and they are – and nothing has changed in the past few days – and it hasn't really, so what spooked the markets and accounts for the biggest intra-day fall ever?
No, Eswaran is not a philosopher or a sage. He's just someone who knows how to use ancient philosophical teachings to improve his group's financial performance.
The Budget was never an economic statement of the government in power. But now, it's not even a policy statement. It's become more of a ritualistic philosophical statement in an essentially political document.
No, the Left is wrong and the Right is right as far as economics goes, right? Left. Sorry, wrong. Surprised, shocked, numbed? Take a closer look. The economic ideology of the right and the left is converging, the twain have met...
As usual, finance minister P. Chidambaram dips into his magical hat to dig out numbers that add up, but only contingently ...and therefore are not convincing enough.
Finance minister P. Chidambaram has a way of coming up with grand plans. Given his constraints to produce a common minimum budget, only time will tell whether his good intentions can be translated into delivery in agriculture, social sectors and stat
The three words are adequate to describe this year's economic blueprint. Add to that one more: Bold. That's a lot more than what can be said about past Surveys
